265 N Mar Vista Ave Pasadena, CA 91106
Playhouse Village NeighborhoodEstimated payment $7,703/month
Total Views
1,769
5
Beds
3
Baths
1,828
Sq Ft
$656
Price per Sq Ft
Highlights
- No HOA
- Laundry Room
- Back and Front Yard
- Blair High School Rated A-
About This Home
Charming Craftsman with Bungalow Guest House on Oversized Lot – Zoned for Multi-Unit Potential
Located on a picturesque tree-lined street, this beautifully maintained property sits on a spacious 8,800 sq ft lot and is zoned for up to 5–6 units (buyer to verify all development possibilities directly with the city). A rare opportunity for investors, developers, or owner-users seeking rental income or extended family living. Seller will provide previously city-approved plans upon accepted offer.
The front home is a classic two-story Storybook Craftsman built in 1930, full of character and curb appeal. It features 3 bedrooms, a bolted foundation, and includes a detached center structure offering a bonus room/office and an additional storage area. A private yard connects the front home to this space, making it ideal for a creative studio or remote work setup.
The rear home is a charming 2-bedroom bungalow with updated kitchen and bathroom, hardwood floors, stainless steel appliances, and its own large, grassy private yard—perfect for entertaining or relaxation.
Additional features include:
Stainless steel appliances in both units
Plenty of on-site parking including a carport
Fully occupied with solid rental income, but can be delivered vacant
Prime Pasadena location near Lake Ave, PCC, Caltech, Old Town, The Paseo, and the 210 Freeway. A true investor's delight or a perfect setup for multigenerational living. Don’t miss this rare, versatile, and income-generating gem you can't effort to miss!
Listing Agent
RE/MAX CHAMPIONS Brokerage Phone: 626-427-5886 License #01899920 Listed on: 08/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,984
Year Built
- Built in 1930
Lot Details
- 8,821 Sq Ft Lot
- No Common Walls
- Back and Front Yard
Interior Spaces
- 1,828 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Parking
- 2 Open Parking Spaces
- 4 Parking Spaces
- 2 Carport Spaces
Utilities
- Private Water Source
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 462302
- Assessor Parcel Number 5738010033
- $574 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Operating Expense $15,000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,984 | $1,248,480 | $1,040,400 | $208,080 |
| 2024 | $13,984 | $1,224,000 | $1,020,000 | $204,000 |
| 2023 | $13,867 | $1,200,000 | $1,000,000 | $200,000 |
| 2022 | $11,049 | $962,129 | $865,641 | $96,488 |
| 2021 | $10,598 | $943,265 | $848,668 | $94,597 |
| 2020 | $10,173 | $933,594 | $839,966 | $93,628 |
| 2019 | $10,201 | $915,290 | $823,497 | $91,793 |
| 2018 | $10,391 | $897,344 | $807,350 | $89,994 |
| 2016 | $2,957 | $227,322 | $140,326 | $86,996 |
| 2015 | $2,923 | $223,909 | $138,219 | $85,690 |
| 2014 | $2,880 | $219,524 | $135,512 | $84,012 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $1,199,950 | 0.0% | $656 / Sq Ft |
| 12/06/2022 12/06/22 | Sold | $1,200,000 | 0.0% | $656 / Sq Ft |
| 10/21/2022 10/21/22 | Pending | -- | -- | -- |
| 10/21/2022 10/21/22 | For Sale | $1,200,000 | +39.2% | $656 / Sq Ft |
| 04/26/2016 04/26/16 | Sold | $862,000 | -1.5% | $472 / Sq Ft |
| 04/11/2016 04/11/16 | Pending | -- | -- | -- |
| 03/10/2016 03/10/16 | For Sale | $875,000 | -- | $479 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,200,000 | California Best Title | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | $862,500 | Title 365 | |
| Interfamily Deed Transfer | -- | Southland Title | |
| Interfamily Deed Transfer | -- | South Coast Title | |
| Quit Claim Deed | -- | -- | |
| Corporate Deed | $162,000 | First American | |
| Trustee Deed | $184,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $720,000 | New Conventional | |
| Previous Owner | $645,000 | Credit Line Revolving | |
| Previous Owner | $517,500 | New Conventional | |
| Previous Owner | $560,000 | New Conventional | |
| Previous Owner | $420,000 | Negative Amortization | |
| Previous Owner | $262,500 | Unknown | |
| Previous Owner | $35,000 | Credit Line Revolving | |
| Previous Owner | $188,000 | No Value Available | |
| Previous Owner | $158,640 | FHA |
Source: Public Records
Similar Homes in Pasadena, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25178241
APN: 5738-010-033
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